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Canadian aerospace industry revenue soars

AIAC says revenue reached $22.4 billion in 2011.

Comments Off on Canadian aerospace industry revenue soars
July 9, 2012
by Canadian Press

FARNBOROUGH — Canada’s aerospace industry has recorded a surge in revenue. The Aerospace Industries Association of Canada says revenue reached $22.4 billion in 2011, up 6.7 per cent from the previous year.

It says aircraft and aircraft parts and components remained the largest revenue segment, totalling $11 billion and 49 per cent of overall revenue.

Canada has the world’s fifth-largest aerospace industry, employing more than 87,000 people directly. Nearly three quarters of Canadian aerospace products are exported, with the United States accounting for almost 60 per cent of sales.

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